Elevation Point Wealth Partners LLC Invests $783,000 in Autodesk, Inc. $ADSK

Elevation Point Wealth Partners LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,025 shares of the software company’s stock, valued at approximately $783,000.

A number of other hedge funds have also recently bought and sold shares of ADSK. Measured Wealth Private Client Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in Autodesk during the 4th quarter valued at approximately $25,000. Torren Management LLC bought a new position in shares of Autodesk during the fourth quarter worth about $25,000. Archer Investment Corp increased its stake in shares of Autodesk by 112.2% in the fourth quarter. Archer Investment Corp now owns 87 shares of the software company’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in Autodesk during the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.2%

Shares of Autodesk stock opened at $254.42 on Tuesday. Autodesk, Inc. has a 12-month low of $185.50 and a 12-month high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $220.83 and a two-hundred day moving average price of $231.70. The stock has a market capitalization of $53.68 billion, a P/E ratio of 37.09, a PEG ratio of 1.55 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 28th. The software company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.15. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. Autodesk’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 earnings per share. Autodesk has set its FY 2027 guidance at 12.400-12.650 EPS and its Q2 2027 guidance at 3.100-3.140 EPS. Equities analysts expect that Autodesk, Inc. will post 9.7 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith purchased 3,435 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $231.17 per share, with a total value of $794,068.95. Following the transaction, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This represents a 14.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Janesh Moorjani purchased 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $197.67 per share, with a total value of $494,175.00. Following the completion of the acquisition, the executive vice president owned 50,993 shares of the company’s stock, valued at approximately $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 7,935 shares of company stock valued at $1,666,644 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $330.00 price objective on shares of Autodesk in a research note on Monday, June 1st. New Street Research set a $277.00 target price on Autodesk in a research note on Thursday. DA Davidson restated a “buy” rating and issued a $325.00 target price on shares of Autodesk in a research note on Friday, May 29th. Bank of America reaffirmed a “buy” rating and set a $300.00 price target on shares of Autodesk in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.65.

Autodesk Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.